The call for this week: It is unbelievable to us that investors are listening to pundits that NEVER saw the decline coming, yet now want to tell us why the decline happened. Ladies and gentlemen, the important thing to know is that a decline was coming and Andrew and I said so two wee
“Right now, my best guess is that this is just another panic attack, of which we’ve had quite a few in recent years. They’ve all been resolved eventually, as the stock market manages to climb successive walls of worry. This is healthy. It wouldn’t be surprising
“As earnings season kicks off this Friday, investors are debating the impact of an unusually large number of variables: higher rates, higher raw material costs, weaker foreign currencies, tariffs, weaker demand from China.” . . . Bob Pisani, CNBC (10-9-18) Our pal Bob Pisa
“Ned Davis has had an outstanding record in recent years . . . and has been absolutely right about most of the major ups and downs ” . . . Louis Rukeyser on Wall Street Week So we are doing a webinar with Ned Davis this morning at 9:45 a.m. (Toll Free: 1.866.901.6455; Inte
The call for this week: We have been told there will no longer be a 9:00 a.m. “verbal call” due to technical difficulties with the “hoot” system. Therefore, you will have to either dial the TIPs line, warp into the RJ Net on your computers, or go to the Raymond
“Is it really true that political self-interest is nobler somehow than economic self-interest?” . . . Milton Friedman For a few months we have been getting asked about income inequality and how it may lead to class warfare. Some politicians have suggested government polici
“Distractophilia: one’s obsession with focusing on mostly irrelevant matters, while creating a diversion from what is important.” . . . Mark Fowler Jones “Distractophilia” is defined as, “One’s obsession with focusing on mostly irrelevant matt
The call for this week: Our models “said” to raise some cash in January and recommit that cash at the February 9 undercut low (the low below the “selling climax” low of February 6). Since then, we have been calling for new all-time highs. So it is said, so it i
